This rather large increase in estimates and the analyst's notes that the CFO is taking on a better job offer has led to a severe undervaluation. We may not be green today but by monday close (if the world markets behave) we probably will be.
Remember that to raise estimates means
1/ the CFO worked on the new estimates 2/ there are no accounting problems or they would not have signed off on new estimates
is it possible that he isn't leaving because he wants to? Always a possibility, I just can't see why someone would want to leave a company that is firing on all cylinders. Whatever, I'm sure he will be replaced very soon.
no i seriously doubt there are any accounting problems. CFO's that cook books dont leave. They stay right there with the co. so they can be in a position of power where they can control the situation, they dont leave (where they are now in a position of no power)so the new guy can come in and use them as a scapegoat for any/all of the wrong doing.